At Transocean, we support all paths to parenthood and recognize the unique challenges that come with adoption and surrogacy. Effective January 1, we introduced some new benefits to help relieve the financial obstacles to becoming a parent through adoption and surrogacy.

You’re eligible for adoption and surrogacy benefits from the first day you join Transocean if you are a full-time, regular U.S. employee.

If you’re eligible for benefits, Transocean will reimburse up to $20,000 of eligible adoption or surrogacy expenses, including:

• Agency fees
• Legal expenses
• Surrogate compensation
• IVF medical costs related to surrogacy
• Surrogate medical expenses
• Necessary related travel

Once you’ve been approved for benefits, you will receive your reimbursement within two to three payroll periods after submitting your application with the required receipts.

Important Tax Considerations

Reimbursement of expenses under these programs may be taxable. Please review the information carefully and seek tax advice before submitting expenses for reimbursement. Also, unlike most other reimbursements, Transocean is not required to withhold federal income tax from reimbursements under the Adoption Program. If you are required to account for any of these reimbursements as part of your income, your withholding may not be enough to cover the tax on these. Please consult a tax advisor on any potential tax implications.

Want to Learn More?

To get more details on adoption and surrogacy benefits, call 833-283-1965 and speak with a Progyny Patient Care Advocate about both programs. You can also find more detailed information about eligible and ineligible expenses for each program and other helpful information by viewing the  Transocean Adoption Assistance Program or Transocean Surrogacy Assistance Program policy documents, which can be found on the U.S. Benefits page on RigCentral.  

Also, Progyny is hosting a webinar on January 31 to provide more information about the new benefits. Details for how to register for the webinar are included below in the Upcoming Webinars section.

This article is only a summary of adoption and surrogacy benefits offered through Progyny. The more detailed policy documents always govern the eligibility and reimbursement rules for this plan.